View: It seems to me that the only sure way for the founder of a company to ensure, with absolute certainty, that he will not lose control of his company is for him to retain 50.1% of his company's shares.
This setup seems problematic, and damages the amount of investment that a founder can secure.
Question: How can a founder retain control of his company without hoarding 51% of the company's shares?
More Thoughts: When the founder is making decision for the company, he is sure, at some point, to find his vision of the correct path for a company to be different from what his investors may think. It seems to me that the founder is then forced to either choose what he believes is best for the company, or choose to appease the board in order to keep from being "thrown out."
There are basically two paths:
(*) with some caveats, some investors are in love with the romantic notion of a "professional CEO".
You can sell more than 50% of your company but still control more than 50%. You should talk to a lawyer about the possible approaches and best approach. Some options:
In either of those scenarios, you can own less than 50% of the outstanding shares but control more than 50% of the voting rights.
See Facebook example.1